3,600 Customs officials to face axeNew Delhi, July 10
The Cabinet today approved the restructuring of the Customs and Central Excise Department that involves reducing staff strength by about 3,600 with the aim of raising revenue collection by 5 per cent.

PROSPECTS OF INDO-PAK TRADE-II
India keen on MFN status from PakChandigarh, July 10
Industry representatives are hopeful that major trade-related issues will be taken up for discussion at the coming Indo-Pak summit. Industrialists have also sought a meeting with Gen Pervez Musharraf.

Prof Ashok Kapur addressing a conference, "Development Perspectives in the New Millennium: Forging India-Pakistan
Partnership," organised by the Indian Council of Social Science Research in New Delhi on
Tuesday. Mr Tariq Rangoonwala, Prof M L Sondhi & Zia Khaleeli
are also seen.
— Photo Hamid Ali

India ranked 115th in Development IndexNew Delhi, July 10
India’s economic reforms programme today received global endorsement with the United Nations Development Programme (UNDP) promoting the country’s rank by 13 rungs to 115 as per the latest Human Development Report (HDR).

Dealing in US-64 should be based on NAV, says AssochamNew Delhi, July 10Suggesting a six-point package to overcome the present crisis on account of the suspension of the sale and purchase of US-64 for six months, Assocham today said dealings in US-64 should be based on net asset value (NAV) at the earliest while banks and financial institutions can provide loans to UTI against shares.

Teruo Fujisaki, CEO of Honda Siel Cars India Ltd, stands beside the new Honda Accord after it was launched in Bombay
on Tuesday. The Indian unit of Honda Motor Co, Japan's third-largest auto maker, launched its popular sedan, making it one of the early birds in a newly created Indian car segment. The Accord, popular in the
USA and Japan, is powered by a 2.3 litre petrol engine and its manual version is priced at around 1.495 million rupees ($31,724).
— Reuters

Haryana Govt signs MoU with IBMChandigarh, July 10Haryana Government today signed a MoU with IT giant IBM for computerisation of various state government departments.

Infosys
net profit surges 56.66 pcBangalore, July 10Exceeding analysts’
expectations, Infosys Technologies today reported a net profit of Rs
190.03 crore in Q1 of 2001-02, up by 56.66 per cent compared to the
same quarter in the previous year.

Recession
fails to hit garment exportsLudhiana, July 10The software exporters all over
the country may be making hue and cry over the impact of recession in
the world economy in general, and US economy in particular, but the
garment exporters of Ludhiana are trying very hard to push away the
impact of the recession on the exports.

Punjab for separate coal minesJalandhar, July 10Punjab Government has sought allocation of separate mines from the Centre to fetch coal for the state’s thermal plants.

Nabard award for Kaithal
coop bankChandigarh, July 10The Kaithal Primary Cooperative Agriculture and Rural Development Bank (PARDB) has been adjudged as the best bank among all the PARDB functioning in the state in its over all performance during the year 1999-2000.

CORPORATE NEWS

VSNL pays 500 pcNew Delhi, July 10VSNL which is about to be privatised, today decided to give a 500 per cent dividend, including 400 per cent special dividend, for the year ended March 31, 2001.

PNB Gilts net rises

Affinity stake in Guj Amb

Sundaram Bond Saver

ROUND-UP

Exxon Mobil tops Fortune 500 listNew York, July 10General Motors Corp has just become the latest victim of the energy crisis.
Cashing in on last year’s strong oil and natural gas prices, which helped create worries about energy shortages in the USA, Exxon Mobil Corp.

New Delhi, July 10
The Cabinet today approved the restructuring of the Customs and Central Excise Department that involves reducing staff strength by about 3,600 with the aim of raising revenue collection by 5 per cent.

The Cabinet also gave the go-ahead for TCIL to invest in basic telecom services in Nepal, construction of 200,000 houses in cyclone-affected districts of Orissa, cleared the decks for INTELSAT to work as a private company, and allowed Andrew Yule to pick up stake in Descon Consultants and Investments Ltd.

Parliamentary Affairs Minister Pramod Mahajan said after the meeting that the restructuring excise in the Customs and Excise Department was meant to improve productivity and effectiveness of the department which would now have more commissionerates and divisions for speeding up revenue collection.

Under the restructuring, the staff strength would be brought down by 3,600 from the existing strength of 68,761. However, the number of Central Excise Commissionerates would be raised from 59 to 92 and the Divisions from 330 to 460.

The Customs Department would now have 35 commissionerates instead of 25 at present. Besides, 54 additional posts of Commissioner (Appeals) would be provided to deal with the nearly 38,000 pending cases.

The total indirect tax collection in 2000-01 was Rs 1,15,000 crore. In 1989-90 it was 40,397 crore. Over the last five years there has been an average annual growth of 10 per cent in Central Excise and 13 per cent in Customs duty collection. At present there are 125,000 assessees.

In another decision, the Cabinet approved the formation of a joint venture company for WiLL based telecom services by Telecommunications Consultants India Limited with United Telecom Limited of Nepal.

The Cabinet also approved an investment of $ 9.05 million by TCIL to pick up 26.66 per cent equity in the Nepalese company.

Mr Mahajan said a consortium of four companies, including TCIL, MTNL, VSNL and Nepal Ventures Private Ltd was formed for bidding in the tender under the name of UTL. The tender condition requires a minimum 20 per cent stake of the bidder consortium to be held by the Nepalese company.

The Cabinet also approved the ratification amendment to the International Telecommunications Satellite Organisation agreement and Intelsat operating agreement to enable the International Telecommunications Satellite Organisation (Intelsat) to start operations as a private company in the country.

Privatisation of Intelsat would ensure commercial flexibility to create value for its customers besides raising its revenue from $1 billion in 2000 to $4.2 billion by 2009.

It was also decided to give approval for providing assistance under the Indira Awas Yojana for below the poverty line rural households to construct 200,000 more houses in cyclone-affected districts of Orissa.

Central assistance of Rs 330 crore would be given for the project. The sanction is in addition to the 200,000 houses already under construction under the yojana and 10,000 houses that are being built through the credit-cum-subsidy scheme for rural families.

Another decision taken was to allow Andrew Yule and Company Ltd to acquire 26 per cent equity at par on preferential basis in Descon Consultants and Investments Ltd involving an investment of Rs 17.37
lakh.

Chandigarh, July 10
Industry representatives are hopeful that major trade-related issues will be taken up for discussion at the coming Indo-Pak summit. Industrialists have also sought a meeting with Gen Pervez Musharraf.

Pakistan’s refusal to grant most favoured nation (MFN) status to India, transit trade problems and laying of a natural gas pipeline from Iran through Pakistan to India are other issues expected to figure at the summit.

Gas pipeline

* It can lower the cost of imported gas to less than half of what it is today.

* It can be built under water or onshore.

* India will save 25 per cent per unit transit charge of the pipeline goes under water. Under this option the expected cost will be $ 4.8 billion.

* If a single pipe , 42 inches in diameter is built onshore, it is expected to cost $3.1 billion. Gas that costs $1.75 to $ 2 per unit will be nearly 58 per cent cheaper than the cost of imported gas in India today.

The multi-billion dollar gas pipeline project, for which an MoU was signed between India and Iran in 1992, has been held up due to security considerations, says Pakistan Petroleum Minister Usman Aminuddin.

If approved, Pakistan would benefit by way of a transit fee and gas. India, however, has still not made up its mind on giving a go-ahead to work on the project.

India is also keen that Pakistan should grant it MFN status, which would remove trade restrictions. India has already granted MFN status to Pakistan.

Pakistan, say exporters here, fears that MFN status to India might result in Indian goods flooding the Pakistan market. Demand for Indian goods is already very high and many of these are being sold on the black market.

At a recent meeting with Indian industrialists, Pakistan industry representatives said that their country realised the need for exchange of expertise and legislation on issues relating to the WTO. “We know that as a signatory to the Uruguay Round, we will have to open up our markets to all other signatories. We would also be required to accord most favoured nation status to the signatory states”, said an office-bearer of the Pakistan Chamber of Commerce at the meeting.

Delegates from India have proposed that if Pakistan faces difficulties in granting MFN status, it could allow certain commodities to be imported from India, which it is importing from other countries.

At present, Pakistan allows around 600 items to be imported from India. These include fresh potatoes and onions. “An immediate expansion of the list of 606 items that can be exported from India is required”, says Dr Amit Mitra, Secretary General, FICCI.

Traders are hopeful that Pakistan would consider lifting the recently imposed ban on perishable goods sent via Amritsar. “We can supply goods at cheapest rates and at the shortest possible notice”, a trader said. Sugar traders want the ban on sugar imports, imposed in March this year, to go.

Pakistan, which exported sugar in 1998 and 1999, mostly to India, had a total shortfall of about 1 million tonnes due to a decline in cane planting. Dealers in Amritsar say that Pakistan still has a shortage of 2-3 lakh tonnes, which it can easily import from India.

Chambers have urged the government to remove trade restrictions on people and the movement of goods and open up the land routes to facilitate border trade. They have also urged that the issue of multiple entry visas and development of tourism between the two nations be considered. Mr O.P. Arora, President of the Indo-Pak Exporters Association, says transportation is a major hurdle in trade. If removed, it can improve bilateral trade by at least 25 per cent.

New Delhi, July 10
India’s economic reforms programme today received global endorsement with the United Nations Development Programme (UNDP) promoting the country’s rank by 13 rungs to 115 as per the latest Human Development Report (HDR).

The 2001, HDR, the 12th in an annual series which was released here today by the Minister for Information Technology, ranks 162 countries and territories according to the Human Development Index (HDI) which is based on a combined measure of longevity, educational attainment and ability to buy basic goods.

Terming technology as a tool for development, not just reward of development, the report ranks India among "dynamic adopters" according to the Technology Achievement Index (TAI) and recognises Bangalore as a world-class technology hub.

Bangalore is rated 11th among the 46 hubs and India ranks 63rd in the TAI. The Report says India’s rank on the TAI would have been higher up if there were not huge variations in technological achievement among Indian states.

“The country has the world’s seventh largest number of scientists and engineers, some 1,40,000 in 1994. Yet in 1999 mean years of schooling were only 5.1 years and adult illiteracy was 44 per cent”, the HDR notes.

More
specifically, the report points out that among India’s 1.4 million Internet connections, more than 1.3 million are in the five states of Delhi, Karnataka, Maharashtra, Tamil Nadu and Mumbai and only 0.4 per cent of the population using the Internet.

The TAI, which provides a country-by-country map of huge inequalities in education and skills required to technology, quantifies parameters according to acceptance of technology by people in individual countries.

“It is important for India to focus on diffusing electricity and telephones so that all people can participate in the technological revolution”, the report says.

Dr McSweeny said the report cites an especially urgent need for stepping up research efforts in four principal areas- vaccines for malaria, HIV and tuberculosis, high-yielding, pest resistant and drought-tolerant varieties of staple foods of South Asia and sub-Saharan Africa;low-cost computers and wireless connectivity for the poor.

Norway is now ranked first in the world in terms of HDI and Australia second. Both moved narrowly ahead of Canada, the leader of the previous six years.

New Delhi, July 10
Suggesting a six-point package to overcome the present crisis on account of the suspension of the sale and purchase of US-64 for six months, Assocham today said dealings in US-64 should be based on net asset value (NAV) at the earliest while banks and financial institutions can provide loans to UTI against shares.

Based on the recommendations made by the Chairman of the Chamber’s expert committee on capital market, Sudhir Joshi, Assocham said the US-64 had a crisis in 1998 and the Parekh Committee had suggested US-64 scheme to be NAV driven.

“It is high time that the move should be made in this direction. Once dealings are NAV based, it will also ease the perceived pressure on liquidity,” Joshi said adding that Finance Minister’s assurance to probe the insider trading charges on US-64 was a well directed move and must be pursued.

To specifically address the issue of liquidity, banks and financial institutions can provide loans to UTI against shares which can help avert the liquidity crunch in the next couple of months, he said.
PTI

Chandigarh, July 10
Haryana Government today signed a MoU with IT giant IBM for computerisation of various state government departments.

Dubbing the move as “ major leap” toward IT initiative, a state government release said the MoU signed between Society for IT Initiative Fund for E-governance and IBM India Limited would help achieve various projects in the IT sector as per the new IT policy framed by the state government.

The MoU was signed by Mr Dharam Vir, Commissioner, IT department, who is also Member Secretary of the IT Initiative Fund and Mr Abraham Thomas, MD and CEO, IBM India Ltd in the presence of Chief Minister, Mr Om Prakash Chautala, senior officers of the state government and executives of the IBM India.

Quoting Mr Dharam Vir, the press note said IBM would make available the best of its technology and expertise in e-business to develop Haryana’s position as a lead provider of IT skilled resources in India in e-business. The MoU would also help in computerisation of various state government departments. According to the MoU, IBM would also help training skilled manpower besides developing expertise in providing technical consultancy and develop customised applications.

The primary aim of the collaboration was to secure IBM’s assistance for implementation of high quality e-governance applications by the state government, Mr Dharam Vir was stated to have said.

Mr Thomas, MD and CEO of IBM India, reportedly said that his company would undertake the work of four departments, to be identified by the state government, free of cost as pilot projects. After successful pilot run, the applications would be rolled out across the state.

The press note said that it was decided that the IBM would provide software at a subsidised rate at mutually agreed terms and conditions to the Haryana Government for state government departments, boards,
corporations, universities, etc. The IBM would assist Haryana Government in IT planning and extend the services of its solution architect teams to assist the state government to conduct system requirement studies and solution architecting for government departments and organisations.

SAS Nagar, July 10
Petroleum dealers associations of Northern states yesterday sought the removal of disparity in the prices of petrol and diesel in the region.

A decision in this regard was taken at a meeting of the associations of Delhi, Punjab, Haryana, Himachal Pradesh and Chandigarh held here.

At the meeting a Joint Action Committee of the petroleum dealers of Northern region was constituted to take up the issue with the Petroleum Ministry and the state governments concerned.

Mr J.P. Khanna, President of the Punjab Dealers Association, said the difference in the prices was affecting dealers as the dispensing of the product was becoming a costly affair. It was decided that a memorandum of their demand would be given to the Chief Secretaries of the five states.

President of the Delhi Petroleum Dealers Association Juggal Batra said : "The government should charge on the basis of the volume consumption instead of the value-based system. The volume based mechanism will not affect the selling price in case of price variation in the crude oil".

He said the joint action committee would give 30 days time to the state governments concerned and the Oil Coordination Committee to workout a mechanism for uniform petrol and diesel rates.

President of the Haryana unit, Ranjit Singh Chauhan said difference in the sales tax, surcharge, infrastructure cess and octroi in different states resulted in variation of petrol and diesel prices resulting in malpractices in the trade.

The dealers criticised the Petroleum Ministry for not deciding on the issue of quality check parametres, commission and the temperature variation — factors deciding on the quality of the crude oil products. The Oil Coordination Committee had assured the Federation of All-India Petroleum Dealers that a decision on the paramatres would be taken in three months but nothing has been done.

Bangalore, July 10
Exceeding analysts’ expectations, Infosys Technologies today reported a net profit of Rs 190.03 crore in Q1 of 2001-02, up by 56.66 per cent compared to the same quarter in the previous year.

Total income of the company in the quarter rose to Rs 626.01 crore from Rs 370.64 crore, an increase of 68.90 per cent.

Belying analysts’ forecast predicting a lower growth rate, Infosys’ net profit for the quarter recorded a growth of 4.6 per cent compared to Q4 of 2000-01.

For the first time, the company admitted that it was facing billing pressure from both existing and new customers following slowdown in the tech sector.

“We had a comfortable quarter. We are glad that we have exceeded our own estimates of growth in topline and bottomline”, company’s Chairman and CEO, N. R. Narayana Murthy, told a news conference here.

“While we have exceeded our earlier guidance for the first quarter, we have not seen any material change in the external environment to revise our annual revenue growth forecast of 30 per cent for 2001-02”, he said.

Murthy and the company’s MD, President and COO, Nandan M. Nilekani asserted that the billing pressures from customers were being offset by increasing volumes. In fact, the company’s offshore billings dropped by 6 per cent.

Nilekani said there have been no retrenchments. During the quarter, the company added 26 new clients, and net addition of employees was 116.

E-business engagements comprised 23 per cent of revenues for the quarter, as against 25.8 per cent in the quarter ended March 31, 2001. Start-up and venture-funded companies accounted for 5 per cent of total revenues — down from 7 per cent.

Software revenues in US dollar terms grew by 8.1 per cent for the quarter as compared to the quarter ended March 31, 2001. Revenue growth comprised volume growth of 10.9 per cent and price decline of 2.8 per cent, as compared Q4 of 2000-01

Responding to a question, a senior Infosys official said some of the projects by its customers have been cancelled, but the company has entered into a relationship with them regarding other opportunities. This is nothing more than normal, Murthy added.
PTI

Ludhiana, July 10
The software exporters all over the country may be making hue and cry over the impact of recession in the world economy in general, and US economy in particular, but the garment exporters of Ludhiana are trying very hard to push away the impact of the recession on the exports. According to the statistics available from the Apparel Exports Promotion Council (AEPC), the garment exports during the April-June quarter have shown upward trends as compared to the corresponding period during the previous year.

The AEPC data reveals that during the financial year January- December 2000, the garment exports from Ludhiana reached Rs 803 crore against Rs 632 crore during 1999.In fact, the share of Ludhiana in the country’s total export has increased from 2.76 per cent to 3.11 per cent during the same period. The garment exports from the city, which mostly comprise of T-shirts, have increased from 3.21 crore units to 4.02 crore within one year. The industry has succeeded in enhancing the value per unit of its products by improving the quality.

The latest information available from AEPC revealed that during the month of June 2001, the garment exports from the city has increased by about 16 per cent as compared to the corresponding period during the previous year. The share of knitted cotton, synthetic and
woollen garments in the total garment exports from the city is 74, 10 and 16 per cent respectively. The average value of garment unit exported from the city has reached about Rs 199 as compared to just Rs 84 per unit realised by the exporters of Tirupur, the tradition competitor of Ludhiana exporters. Though its’ share in the total exports is about 13.85 per cent.

The industry observers feel that the total garment exports from Ludhiana during the current financial year may cross Rs 1000 crore if the present trends are any indication. The Vardhman group is also entering the export market in a big way this year.

Jalandhar, July 10
Punjab Government has sought allocation of separate mines from the Centre to fetch coal for the state’s thermal plants.

Disclosing this here today, State Power Minister, Sikander Singh Maluka said that parleys are going on with the Union Coal Ministry for allocation of separate mines to fetch coal as the present supply of coal is of low quality and the state government suffers over Rs 185 crore annual loss due to 45 per cent wastage in the coal supply.

He ruled out any move by the state government to privatise the power sector and said that the experiment of privatisation has already failed in the states where it was done.

Very soon the state government will launch a scheme under which electricity connection will be given to unauthorised colonies after taking an undertaking from them, he said, adding that the maximum theft cases were detected from those colonies where consumers were not paying anything to the board in connivance with the board.
PTI

Chandigarh, July 10
The Kaithal Primary Cooperative Agriculture and Rural Development Bank (PARDB) has been adjudged as the best bank among all the PARDB functioning in the state in its over all performance during the year 1999-2000. This award would be presented by the Union Finance Minister at New Delhi on July 12 at a special Award Presentation Ceremony.

A spokesman of the bank said the National Bank for Agriculture and Rural Development (Nabard), Mumbai, has awarded a trophy with a certificate of merit and a cash prize of Rs 5 lakh for the welfare of the staff. He said the criteria for judging the performances of PARDB was their advancement of loans, recovery, management of funds and implementation of the State Government programmes.

New Delhi, July 10
VSNL which is about to be privatised, today decided to give a 500 per cent dividend, including 400 per cent special dividend, for the year ended March 31, 2001.

After its Board meeting, the telecom monolith informed BSE that the Board of Directors has recommended a normal dividend of Rs 10 per share and a special one time dividend of Rs 40 per share totalling to Rs 50 per share of face value of Rs 10 each for 2000-01.

The government had earlier indicated the possibility of taking out part of the about Rs 5000 crore reserves of the corporation prior to its disinvestment through a special dividend.

The government, holding about 53 per stake, is going be the largest beneficiary of the Board’s decision.

“This special dividend coincides with the listing of VSNL scrips on New York Stock Exchange,” the VSNL communication to BSE said.

The government is in the process of offloading 26.97 per cent equity to a strategic partner and to employees through employee stock option plan.

PNB Gilts net rises

PNB Gilts today announced a net profit of Rs 28.96 crore for the first quarter of the current fiscal as against Rs 0.48 crore profit earned in the same period the previous year.

Total income rose 91 per cent to Rs 62.15 crore in April-June, 2001, as compared to Rs 32.31 crore income in the three-month corresponding period last year, PNB Gilts Managing Director Arun Kaul told a news conference here.

Affinity stake in Guj Amb

Affinity Investments holds 8 million shares representing 5.16 per cent of the total issues and paid-up capital of Gujarat Ambuja Cements (GACL).

Affinity Investments is holding 8 million warrants, each convertible into one equity share at the option of the holder on payment of aggregate price of Rs 225 per share, GACL informed the BSE today.

The option of conversion of warrants into shares is to be exercised in one or more tranches before September 30, 2002.

Sundaram Bond Saver

Sundaram Bond Saver has announced a change in the load and brokerage structure of Sundaram Bond Saver from July 9, 2001.
Agencies

ROUND-UP

Exxon Mobil tops Fortune 500 list

New York, July 10
General Motors Corp has just become the latest victim of the energy crisis.

Cashing in on last year’s strong oil and natural gas prices, which helped create worries about energy shortages in the USA, Exxon Mobil Corp. Overtook GM to become the No. 1 corporation in the Fortune Global 500 list of companies, the business magazine said today.

After holding the No. 1 position for the past four years, General Motors slipped to No. 3 on this year’s list of the world’s top companies, behind Exxon Mobil and Wal-Mart Stores Inc. The Global 500 listing appears in the July 23 issue of Fortune.

Exxon Mobil, based in Irving, Texas, set a world record during 2000 for the highest-ever profits by any company in one of the best years in history for the oil industry.
Reuters

Brain drain costs India $ 2b loss

New Delhi, July 10
India is estimated to be losing a massive $ 2 billion a year in resources as a result of emigration of Indian professionals to the USA.

“The average total cost to India for providing a university education to one professional is about $ 15,000 to $ 20,000. This means that India is losing as much as $ 2 billion a year in resources as a result of this emigration,” according to the Human Development Report 2001, by the UNDP.

Calculating the losses by multiplying the cost of training of each student by 1 lakh (the number of professionals expected to leave India each year for the next three years), the UNDP has said, “at the high end, it brings the resource loss to $ 2 billion a year.”
PTI

Italians turn sour on Euro

Rome
With less than six months to go before the euro replaces the lira, previously upbeat Italians are turning against the currency, according to a survey published.

In a poll conducted last week, 53 per cent of those questioned said they would rather stick with the lira than switch to the euro, set to become Italy’s currency from January 1, 2002.

The survey of 1,000 people was conducted by Italy’s Datamedia research group and is due to be published in magazines later this week.

All Italians seemed clear about was when they had to stop using the lira — 80 per cent answered correctly when asked the deadline.
Reuters

INDOSAW gets ISOChandigarh, July 10
The OSAW Industrial Products Private Limited, of Ambala Cantt popularly known as INDOSAW, has been upgraded to ISO 9001 by ABS Quality Evaluations, Inc, a certifying agency of the USA, for design and manufacture of laboratory and scientific equipment for educational, industrial and agricultural sectors and also for manufacturing moisture meters, dehumidifiers and weighing scales.
TNS

CII seminarChandigarh, July 10
CII, jointly with the Indian Plastics Institute (IPI) will organise a seminar on “Plastic-Emerging Technologies and Applications” on July 13 and 14 here. Mr Sukhdev Singh Dhindsa, Union Minister for Chemicals and Fertilizers, will inaugurate the focussed exposition showcasing the latest trends in the field, coinciding with the seminar at the same venue from July 13 to 15, says a release from CII.
TNS

Syndicate BankFaridabad, July 10
The Syndicate bank has launched a new educational loan scheme for providing financial support to poor, but meritorious students, to pursue education, both in India and abroad. The loans under the scheme were extendable from school level to doctoral studies. The scheme aimed at providing financial support with affordable terms and conditions and the limit was upto Rs 7.5 lakh for studies in India and upto Rs 15 lakh for abroad. It adds that loans were repayable in 5 to 7 years after the completion of studies and 12.5 per cent was bank’s interest rate for sum upto Rs 4 lakh.
TNS

SBP schemesChandigarh, July 10
Mr S.P. Mittal, DGM, State Bank of Patiala, Jalandhar Zone said the bank’s net worth has increased from Rs 24.75 crore to Rs 930.00 crore as on 31.03.2001. He was speaking at a gathering of doctors and medicos at Amritsar bringing into focus two new schemes namely ‘Medi-Home Flexi Finance’ and “Total Home Loan Scheme”.
TNS

Godrej hair dyeChandigarh, July 10
Godrej power hair dye (sachet pack) has captured 32 per cent market share of the rural hair dye market in India. There has been overwhelming consumer response to this unique product from Godrej. It also recently achieved landmark distribution of over one million outlets.
TNS

Nestle EveryDayChandigarh, July 10Nestle EveryDay was rated the best, based on its overall performance in sensory and analytical tests, followed closely by Britannia Milkman. Devi’s overall score was the least because of its low performance, especially in the sensory tests. EveryDay came out the best in the analytical tests followed by Britannia Milkman. Goa Dairy scored the least in analytical tests.
TNS